Prime districts enter the collective sales fray in 2018

Singapore

AFTER making its way through the suburbs and city fringe last year, the collective sale fever is sweeping homes in Singapore's prime districts this year, helping to push this year's sale value for residential sites above levels seen last year.

So far this year, there have been 15 residential collective sales valued at S$4.44 billion in the Core Central Region (CCR), which comprises Districts 9, 10 and 11, the downtown core and Sentosa. This surpasses the eight deals worth S$1.05 billion transacted in the whole of 2017, said Colliers International.

On May 10, the sale of Villa D'Este in Dalvey Road for S$93 million pushed…